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Avicanna Inc T.AVCN

Alternate Symbol(s):  AVCNF

Avicanna Inc. is a Canada-based commercial-stage international biopharmaceutical company. The Company's scientific platform commercializes over thirty products across various market segments: Medical Cannabis & Wellness Products (RHO Phyto), Pharmaceutical Pipeline and Medical Cannabis Care Platform (MyMedi.ca). RHO Phyto formulary offers a diverse range of proprietary formulations, including oral, sublingual, topical and transdermal delivery. It has developed a pipeline of patent-pending drug candidates that are indication specific and in various stages of clinical development and commercialization. These cannabinoid-based drug candidates look to address unmet medical needs in the areas of dermatology, chronic pain and various neurological disorders. Its first pharmaceutical preparation (Trunerox) is in the drug registration stage in South America. MyMedi.ca is a medical cannabis care platform that serves medical cannabis patients’ needs and enhances the patient's journey.


TSX:AVCN - Post by User

Comment by Russell1on Mar 08, 2021 2:09pm
100 Views
Post# 32744541

RE:Gonna sell at 1.25

RE:Gonna sell at 1.25I would put this solidly on management's lap mate. I keep saying it, there is not enough volume on AVCN for it to be worthwhile for any real shorts. The last short report I checked had around 3% of trades as shorts, no money in that with low volume. Friendly advice mate, maybe hold for another 3-4 months when this company will need another raise, they will use what's left in the bank to promote their stock (terribly btw) and spike the price temporarily to raise. Move out then. Quick note about the dilution. Original share count on ipo was around 20m shares outstanding, they are now up to around 50m shares. 2.5x dilution since ipo! So your target price of $2.50 is diluted down to $1. Do the math mate, now do the math after the next raise, and the next raise. Are you beginning to see what I have been trying to get across? Maybe my frustration having bought in above $7? The company trolls on this board can say whatever they care to but the proof is in the pudding. Good luck mate
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